Civic Intelligence

Phoenix Academy Inc.

990 • Fiscal year 2020 • EIN 56-2059485

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

Organization ProfileWWW.PAHP.COM
4020 Meeting WayHigh Point, NC 27265

(336) 869-0079

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.43x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

26th percentile

0.09x

Higher debt load relative to revenue than 26% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Net Margin

55th percentile

4.1%

Higher net margin than 55% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Asset Growth

93rd percentile

137%

Faster asset growth than 93% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

14%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$1,856,942

Up $1,073,904 (+137%) from 2019

Net Assets

Up

$1,051,325

Up $379,185 (+56%) from 2019

Liabilities

Up

$805,617

Up $694,719 (+626%) from 2019

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin55th percentile

Revenue

Up

$9,140,427

Up $1,108,419 (+14%) from 2019

Expenses

Up

$8,761,242

Up $497,827 (+6.0%) from 2019

Net Income

Up

$379,185

Up $610,592 (+264%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,257,463Liabilities 2010: $3,212Net Assets 2010: $1,254,2512010Assets 2011: $1,298,733Liabilities 2011: $3,796Net Assets 2011: $1,294,9372011Assets 2012: $1,532,447Liabilities 2012: $73,221Net Assets 2012: $1,459,2262012Assets 2013: $1,167,808Liabilities 2013: $39,598Net Assets 2013: $1,128,2102013Assets 2014: $1,304,395Liabilities 2014: $133,493Net Assets 2014: $1,170,9022014Assets 2015: $1,545,836Liabilities 2015: $115,328Net Assets 2015: $1,430,5082015Assets 2016: $1,098,934Liabilities 2016: $124,401Net Assets 2016: $974,5332016Assets 2017: $1,327,978Liabilities 2017: $230,497Net Assets 2017: $1,097,4812017Assets 2018: $996,570Liabilities 2018: $93,023Net Assets 2018: $903,5472018Assets 2019: $783,038Liabilities 2019: $110,898Net Assets 2019: $672,1402019Assets 2020: $1,856,942Liabilities 2020: $805,617Net Assets 2020: $1,051,3252020Assets 2021: $3,025,069Liabilities 2021: $1,047,573Net Assets 2021: $1,977,4962021Assets 2022: $3,440,830Liabilities 2022: $491,461Net Assets 2022: $2,949,3692022Assets 2023: $6,215,013Liabilities 2023: $3,136,208Net Assets 2023: $3,078,8052023Assets 2024: $7,552,075Liabilities 2024: $4,243,628Net Assets 2024: $3,308,4472024

Highlighted filing

2020

Assets$1,856,942
Liabilities$805,617
Net Assets$1,051,325
Open 2020 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,385,7312010Expenses 2011: $2,229,3882011Revenue 2012: $2,471,031Expenses 2012: $2,306,742Net Income 2012: $164,2892012Expenses 2013: $2,696,5112013Revenue 2014: $4,862,964Expenses 2014: $4,820,272Net Income 2014: $42,6922014Revenue 2015: $6,893,921Expenses 2015: $6,534,394Net Income 2015: $359,5272015Revenue 2016: $8,263,821Expenses 2016: $8,719,796Net Income 2016: -$455,9752016Revenue 2017: $9,639,824Expenses 2017: $9,544,921Net Income 2017: $94,9032017Revenue 2018: $8,230,976Expenses 2018: $8,424,909Net Income 2018: -$193,9332018Revenue 2019: $8,032,008Expenses 2019: $8,263,415Net Income 2019: -$231,4072019Revenue 2020: $9,140,427Expenses 2020: $8,761,242Net Income 2020: $379,1852020Revenue 2021: $10,364,069Expenses 2021: $9,437,898Net Income 2021: $926,1712021Revenue 2022: $12,117,600Expenses 2022: $11,145,727Net Income 2022: $971,8732022Revenue 2023: $13,683,872Expenses 2023: $13,554,436Net Income 2023: $129,4362023Revenue 2024: $16,414,577Expenses 2024: $16,184,935Net Income 2024: $229,6422024

Highlighted filing

2020

Revenue$9,140,427
Expenses$8,761,242
Net Income$379,185
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.0
Gross Receipts
$9,140,427
Mission and Program Overview

Mission

Phoenix academy is a non-profit charter school providing education to children from kindergarten through 12th grade. Its mission is to educate and encourage students to become active, compassionate, lifelong learners who respect others and their differences.

Phoenix academy is a non-profit charter school providing education to children grades kindergarden through 5th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$438,150$1,566,436▲ $1,128,286
Land, Buildings, and Equipment, Net$201,713$189,596▼ $12,117
Pledges and Grants Receivable$96,567$90,809▼ $5,758
Prepaid Expenses and Deferred Charges$22,449$8,835▼ $13,614
Accounts Receivable$24,159$1,266▼ $22,893
Total Assets$783,038$1,856,942▲ $1,073,904
Liabilities
Other Liabilities$48,378$747,596▲ $699,218
Accounts Payable and Accrued Expenses$62,520$58,021▼ $4,499
Total Liabilities$110,898$805,617▲ $694,719
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$672,140$922,025▲ $249,885
Net Assets With Donor Restrictions-$129,300-
Total Net Assets Fund Balance$672,140$1,051,325▲ $379,185
Total Liabilities and Net Assets / Fund Balance$783,038$1,856,942▲ $1,073,904

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$189,596$1,242,327$1,431,923
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Perry FlynnChair
Clarence HendersonBoard Member
Joel EpsteinBoard Member
Charles a AltSecretary
Christopher SwadenerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,987,302
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$153,125
All Other Contributions
$147,835
Change in Net Assets
$379,185

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,140,427
Total Revenue per Audited Statements
$9,140,427
Total Revenue per Form 990
$9,140,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,180,658
Salaries, Compensation, and Employee Benefits$3,580,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,931,146--$2,931,146
Occupancy$2,309,478--$2,309,478
Other Employee Benefits$649,438--$649,438
Fees for Services Other$282,608--$282,608
Information Technology$190,793--$190,793
Depreciation Depletion$104,273--$104,273
Insurance$47,102--$47,102
Other Expenses$40,332$1,848,613-$40,332
All Other Expenses$35,364--$35,364
Conferences and Meetings$3,881--$3,881
Interest$2,042--$2,042
Travel$604--$604
Total Functional Expenses$6,912,629$1,848,613$0$8,761,242

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,761,242
Total Expenses per Audited Statements$8,761,242
Total Expenses per Form 990$8,761,242
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term$706,926
Short Term$40,670
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management duties are delegated to 7 degrees of change foundation.”

Form 990, Page 6, Part VI, Line 11B

“The board of directors and the principal will review the form 990 before filing.”

Form 990, Page 6, Part VI, Line 12C

“Each board member is obligated to consider and disclose any private, personal, or business interest that may significantly affect the board members actions on a matter before the board.”

Form 990, Page 6, Part VI, Line 15A

“Reasonable compensation is determined through comparason of compensation for similar services with other non- profit organizations and through compensation surveys. All compensation must be approved by the board.”

Form 990, Page 6, Part VI, Line 15B

“Reasonable compensation is determined through comparison of compensation for similar services with other non- profit organizations and through compensation surveys. All compensation must be approved by the board.”

Form 990, Page 6, Part VI, Line 19

“All information is available on site by request and available through foundational websites or non-profit websites via the internet.”

Filing and Contact Details

Filer

Filer Name
Phoenix Academy Inc
EIN
56-2059485
Phone
3368690079
Address
4020 MEETING WAY, HIGH POINT, NC 27265

Signing Officer

Name
Perry Flynn
Title
Chair
Phone
3368690079
Signed
2021-05-10

Organization Details

Principal Officer
Perry Flynn
Formed
1999
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
88

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 510, CHARLOTTE, NC 28203-4489
Preparer
Megan a Rushford CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Phoenix academy is a non-profit, charter school providing education to children grades kindergarden through 5th grade. Its mission is to educate and encourage students to become active, compassionate, lifelong learners who respect others and their differences.”

Form 990, Page 2, Part III, Line 4D

“The phoenix academy, north carolina is a public school operated by a non- profit corporation, serving approximately 975 students.”

Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt062520
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt058021
IRS990/AccountsReceivableGrp/BOYAmt024159
IRS990/AccountsReceivableGrp/EOYAmt01266
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PHOENIX ACADEMY IS A NON-PROFIT CHARTER SCHOOL PROVIDING EDUCATION TO CHILDREN GRADES KINDERGARDEN THROUGH 5TH GRADE.
IRS990/AllOtherContributionsAmt0147835
IRS990/AllOtherExpensesGrp/ProgramServicesAmt035364
IRS990/AllOtherExpensesGrp/TotalAmt035364
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ACADIA NORTHSTAR
IRS990/BooksInCareOfDetail/PhoneNum09199547040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05029 FALLS OF NEUSE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027609
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0438150
IRS990/CashNonInterestBearingGrp/EOYAmt01566436
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03881
IRS990/ConferencesMeetingsGrp/TotalAmt03881
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt08987302
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt05180658
IRS990/CYOtherRevenueAmt0153125
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0379185
IRS990/CYSalariesCompEmpBnftPaidAmt03580584
IRS990/CYTotalExpensesAmt08761242
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09140427
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0104273
IRS990/DepreciationDepletionGrp/TotalAmt0104273
IRS990/Desc0THE PHOENIX ACADEMY IS A NORTH CAROLINA PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 975 STUDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0129300
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt088
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt06912629
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0282608
IRS990/FeesForServicesOtherGrp/TotalAmt0282608
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLES A ALT
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTOPHER SWADENER
IRS990/Form990PartVIISectionAGrp/PersonNm2JOEL EPSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm3PERRY FLYNN
IRS990/Form990PartVIISectionAGrp/PersonNm4CLARENCE HENDERSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt08839467
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09140427
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0190793
IRS990/InformationTechnologyGrp/TotalAmt0190793
IRS990/InsuranceGrp/ProgramServicesAmt047102
IRS990/InsuranceGrp/TotalAmt047102
IRS990/InterestGrp/ProgramServicesAmt02042
IRS990/InterestGrp/TotalAmt02042
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01242327
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0201713
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0189596
IRS990/LandBldgEquipCostOrOtherBssAmt01431923
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PHOENIX ACADEMY IS A NON-PROFIT, CHARTER SCHOOL PROVIDING EDUCATION TO CHILDREN GRADES KINDERGARDEN THROUGH 5TH GRADE. ITS MISSION IS TO EDUCATE AND ENCOURAGE STUDENTS TO BECOME ACTIVE, COMPASSIONATE, LIFELONG LEARNERS WHO RESPECT OTHERS AND THEIR DIFFERENCES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0672140
IRS990/NetAssetsOrFundBalancesEOYAmt01051325
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0672140
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0922025
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt02309478
IRS990/OccupancyGrp/TotalAmt02309478
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0649438
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0649438
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE SERVICES
IRS990/OtherExpensesGrp/Desc1FEDERAL PROGRAMS
IRS990/OtherExpensesGrp/Desc2BOOKS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3NUTRITION AND FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01848613
IRS990/OtherExpensesGrp/ProgramServicesAmt0206480
IRS990/OtherExpensesGrp/ProgramServicesAmt1109088
IRS990/OtherExpensesGrp/ProgramServicesAmt240332
IRS990/OtherExpensesGrp/TotalAmt01848613
IRS990/OtherExpensesGrp/TotalAmt1206480
IRS990/OtherExpensesGrp/TotalAmt2109088
IRS990/OtherExpensesGrp/TotalAmt340332
IRS990/OtherLiabilitiesGrp/BOYAmt048378
IRS990/OtherLiabilitiesGrp/EOYAmt0747596
IRS990/OtherRevenueMiscGrp/Desc0FINES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt077022
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt176103
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt077022
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt176103
IRS990/OtherRevenueTotalAmt0153125
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02931146
IRS990/OtherSalariesAndWagesGrp/TotalAmt02931146
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt096567
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt090809
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022449
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08835
IRS990/PrincipalOfficerNm0PERRY FLYNN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PHOENIX ACADEMY, NORTH CAROLINA IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 975 STUDENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07653984
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt05145878
IRS990/PYOtherRevenueAmt0378024
IRS990/PYRevenuesLessExpensesAmt0-231407
IRS990/PYSalariesCompEmpBnftPaidAmt03117537
IRS990/PYTotalExpensesAmt08263415
IRS990/PYTotalRevenueAmt08032008
IRS990/ReconcilationRevenueExpnssAmt0379185
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0189596
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01242327
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01431923
IRS990ScheduleD/ExpensesSubtotalAmt08761242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0706926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHORT TERM
IRS990ScheduleD/RevenueSubtotalAmt09140427
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0189596
IRS990ScheduleD/TotalExpensesPerForm990Amt08761242
IRS990ScheduleD/TotalLiabilityAmt0747596
IRS990ScheduleD/TotalRevenuePerForm990Amt09140427
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09140427
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08761242
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0false
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING POLICY IS LISTED ON THE SCHOOL'S WEBSITE. PHOENIX ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE ON THE BASIS OF ETHNICITY, DISABILITY, RELIGIOUS AFFILIATION, NATIONAL ORIGIN, OR GENDER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PHOENIX ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2PHOENIX ACADEMY IS ORGANIZED AS A PUBLIC CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115-C-238 29A. ACCORDINGLY, IT RECEIVED BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3PHOENIX ACADEMY IS ORGANIZED AS A PUBLIC CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115-C-238 29A. ACCORDINGLY, IT RECEIVED BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE E
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHOENIX ACADEMY IS A NON-PROFIT, CHARTER SCHOOL PROVIDING EDUCATION TO CHILDREN GRADES KINDERGARDEN THROUGH 5TH GRADE. ITS MISSION IS TO EDUCATE AND ENCOURAGE STUDENTS TO BECOME ACTIVE, COMPASSIONATE, LIFELONG LEARNERS WHO RESPECT OTHERS AND THEIR DIFFERENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PHOENIX ACADEMY, NORTH CAROLINA IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 975 STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT DUTIES ARE DELEGATED TO 7 DEGREES OF CHANGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS AND THE PRINCIPAL WILL REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER IS OBLIGATED TO CONSIDER AND DISCLOSE ANY PRIVATE, PERSONAL, OR BUSINESS INTEREST THAT MAY SIGNIFICANTLY AFFECT THE BOARD MEMBERS ACTIONS ON A MATTER BEFORE THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REASONABLE COMPENSATION IS DETERMINED THROUGH COMPARASON OF COMPENSATION FOR SIMILAR SERVICES WITH OTHER NON- PROFIT ORGANIZATIONS AND THROUGH COMPENSATION SURVEYS. ALL COMPENSATION MUST BE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REASONABLE COMPENSATION IS DETERMINED THROUGH COMPARISON OF COMPENSATION FOR SIMILAR SERVICES WITH OTHER NON- PROFIT ORGANIZATIONS AND THROUGH COMPENSATION SURVEYS. ALL COMPENSATION MUST BE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL INFORMATION IS AVAILABLE ON SITE BY REQUEST AND AVAILABLE THROUGH FOUNDATIONAL WEBSITES OR NON-PROFIT WEBSITES VIA THE INTERNET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHOENIX ACADEMY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17 DEGREES OF CHANGE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611705253
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1MANAGEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04020 MEETING WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11109 FOREST HILL DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HIGH POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1HIGH POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027265
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd127262
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0783038
IRS990/TotalAssetsEOYAmt01856942
IRS990/TotalAssetsGrp/BOYAmt0783038
IRS990/TotalAssetsGrp/EOYAmt01856942
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08987302
IRS990/TotalEmployeeCnt088
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01848613
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06912629
IRS990/TotalFunctionalExpensesGrp/TotalAmt08761242
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110898
IRS990/TotalLiabilitiesEOYAmt0805617
IRS990/TotalLiabilitiesGrp/BOYAmt0110898
IRS990/TotalLiabilitiesGrp/EOYAmt0805617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0672140
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01051325
IRS990/TotalProgramServiceExpensesAmt06912629
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0153125
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09140427
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0783038
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01856942
IRS990/TravelGrp/ProgramServicesAmt0604
IRS990/TravelGrp/TotalAmt0604
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04020 MEETING WAY
IRS990/USAddress/CityNm0HIGH POINT
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027265
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PAHP.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PERRY FLYNN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03368690079
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHOENIX ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
ReturnHeader/Filer/EIN0562059485
ReturnHeader/Filer/PhoneNum03368690079
ReturnHeader/Filer/USAddress/AddressLine1Txt04020 MEETING WAY
ReturnHeader/Filer/USAddress/CityNm0HIGH POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027265
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844233121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARPE PATEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 ARLINGTON AVE STE 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0282034489
ReturnHeader/PreparerPersonGrp/PhoneNum07044993893
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN A RUSHFORD CPA
ReturnHeader/ReturnTs02021-05-17T15:25:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,856,942
Liabilities
$805,617
Net assets
$1,051,325
Revenue
$9,140,427
Expenses
$8,761,242
Net income
$379,185
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.55$4.24$3.31$16.4$16.2$0.23
2023Detailed filing. Detailed filing data is available for this year.$6.22$3.14$3.08$13.7$13.6$0.13
2022Detailed filing. Detailed filing data is available for this year.$3.44$0.49$2.95$12.1$11.1$0.97
2021Detailed filing. Detailed filing data is available for this year.$3.03$1.05$1.98$10.4$9.44$0.93
2020Detailed filing. Detailed filing data is available for this year.$1.86$0.81$1.05$9.14$8.76$0.38
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.11$0.67$8.03$8.26$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.09$0.90$8.23$8.42$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.23$1.10$9.64$9.54$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.12$0.97$8.26$8.72$0.46
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.12$1.43$6.89$6.53$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.13$1.17$4.86$4.82$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.04$1.13$2.70
2012Summary only. Only limited summary data is available for this year.$1.53$0.07$1.46$2.47$2.31$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.29$2.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.25$2.39